Crypto
Crypto-Friendly Bill Passes House—As Trump Courts Industry Amid Biden’s Crackdown
Topline
The House passed legislation Wednesday evening that would give oversight authority over most forms of cryptocurrency to a more industry-friendly agency—potentially putting President Joe Biden in the difficult position of deciding whether to go against his own SEC chairman and refuse a veto as former President Donald Trump courts the industry in his 2024 presidential campaign.
The White House said Wednesday it “opposes” the legislation, but stopped short of saying President … [+]
Key Facts
The House voted 279-136 to pass the “Financial Innovation and Technology for the 21st Century Act,” with 71 Democrats and 208 Republicans voting in favor of the legislation.
The legislation would put most forms of cryptocurrency, including bitcoin, under the regulatory purview of the Commodity Futures Trading Commission by classifying them as commodities, rather than securities that would fall under the authority of the Securities and Exchange Commission, which has executed a crackdown on the industry under Biden.
Lawmakers who supported the bill touted it as a way to clarify regulatory authority for digital assets, with digital assets subcommittee chair Rep. French Hill, R-Ark., calling it perhaps “the most substantial piece of digital asset legislation in Congress’s history,” he told Forbes previously, noting Trump supports the bill.
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Chief Critic
The SEC’s crypto crackdown, which includes a series of charges against companies and individuals it accuses of violating federal regulations, has become a new attack line for Trump against Biden as the former president courts crypto backers, telling them at a Mar-A-Lago dinner earlier this month they “better vote” for him, Politico reported. SEC Chair Gary Gensler opposed the House legislation, arguing Wednesday it would allow crypto issuers to “self-certify” that they are issuing crypto as a commodity rather than a security, giving the SEC a limited 60-day window to review the classification.
Crucial Quote
“The self-certification process contemplated by the bill risks investor protection not just in the crypto space; it could undermine the broader $100 trillion capital markets by providing a path for those trying to escape robust disclosures, prohibitions preventing the loss and theft of customer funds, enforcement by the SEC, and private rights of action for investors in the federal courts,” Gensler said Wednesday.
Tangent
Trump’s campaign began accepting crypto donations Tuesday, urging his supporters in making the announcement to “build a crypto army.”
What We Don’t Know
Whether the Democratic-controlled Senate will pass the legislation. Eight House Democrats who backed the bill urged their Senate colleagues to support it in a memo Tuesday, CoinDesk reported. In a potential bellwether for the House bill, 11 Senate Democrats, including Majority Leader Chuck Schumer, D-N.Y., voted alongside Republicans earlier this month to undo crypto SEC regulations, splitting with Biden, who said he’ll veto the bill, which also passed the House with bipartisan support.
Key Background
Trump has embraced crypto after criticizing the industry during his time as president, tweeting in 2019 that he’s “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” He has since launched a line of NFT “trading cards” featuring his likeness and his $7 billion net worth is comprised of about $3 million in digital assets, according to a March Forbes estimate. The Biden administration, meanwhile, has taken a measured approach to crypto, acknowledging its explosive growth and the need for the U.S. to “maintain technological leadership in this rapidly growing space,” while also warning it “has substantial implications for consumer protection, financial stability, national security, and climate risk,” the White House wrote in a 2022 executive order.
Further Reading
House To Vote On Who Will Regulate Crypto (Forbes)
Trump Campaign Now Accepts Crypto Donations (Forbes)
Crypto
Pantera Signals 2026 Crypto Breakout After 2025 Quietly De-Risked Markets
Crypto
St. Augustine Film Festival will honor creator of film about crypto scams
See Wreaths Across America 2025 at St. Augustine National Cemetery
Participants at the annual event place more than 1,000 wreaths on tombstones of service men and women.
Ben McKenzie will receive a Career Achievement Award at the St. Augustine Film Festival Jan. 10 prior to the screening of his documentary, “Everyone is Lying to You for Money.”
The former star of “The OC” wrote, directed and produced the film while writing his New York Times bestseller “Easy Money,” which spotlights cryptocurrency as a large-scale scam.
Working in collaboration with journalist Jacob Silverman, the film includes interviews with currently jailed cryptocurrency industry leaders and celebrities now facing trials for misleading the public on the value of cryptocurrencies as virtual money.
Sporting degrees in economics and political science from the University of Virginia, McKensie traveled to El Salvador – also known as Bitcoin city – and London’s banking district to showcase fraud perpetrated by Alex Mashinsky, the founder and CEO of Celsius Network, who was sentenced to 12 years in prison for one count of commodities fraud and one count of securities fraud.
New York prosecutors accused Mashinsky with deceiving clients about the company’s finances and manipulating the price of Celsius’ token, which caused billions of dollars in losses.
The movie also includes interviews with individuals who were part of the scam before it collapsed, McKensie’s testimony before Congress following the arrest of Sam Bankman-Fried and his trip to El Salvador.
“I turned the cameras on to document the difference between the marketing campaign and the reality of what was happening on the ground,” he told the St. Augustine Record. “Cryptocurrency was perpetuated by a very small number of people who made a lot of money in an industry rife with fraud, corruption and criminal activity.”
McKensie underscored the film as an unusual comedy that he’s deeply proud of.
“The film highlights the idea of avoiding intermediaries as appealing, but creating a currency that bypasses a banking system would never work,” he said. “The idea of investing in this obtuse thing that was hard to understand evolved/metastasized to exhibit the worst parts of our current system.”
McKensie described the “command tactic” of the get rich scheme as a con man tactic that lured people in as Bitcoin emerged during the wake of a financial crisis.
Bankman-Fried, the founder of the FTX cryptocurrency exchange, was eventually convicted of wire, securities and commodities fraud along with money laundering and conspiracy and sentenced to 25 years in prison.
McKensie’s involvement was born and bred from COVID, “when I had time on my hands to check the financial markets.”
“I’m not an economist, but I love theory and behavioral economics,” he said. “I especially love the writings of the Nobel Prize winning economist Robert Schiller, who talks about things that were applicable to crypto that naturally occur in Ponzi schemes.”
Convinced that no one was monitoring the “price of a speculative asset rising far beyond what it was worth in terms of practical use in the real world,” McKensie turned to social media as a platform to show that “crypto was getting out of hand.”
Posts connected him to Silverman and together they worked on reporting on the ill-fated concept. It didn’t take long before a book proposal landed on his desk.
“Then it was off to the races,” he said.
“I’ve met a lot of really interesting people I never would have met if not for the book,” he said. “I’ve never done anything like this before so I’m really glad I did.”
McKensie said that Greg von Hausch, co-founder of the SAFF, was persistent in adding “Everyone is Lying to You for Money” to the festival.
While the success of the book and the film remain paramount to an actor who hedged his bets in New York because of his love of “the art,” the Texas native has a long and successful acting resume that includes stints on Broadway for “Grand Horizons,” which received a Tony nod for Best New Play, an appearance in “Junebug” with Amy Adams and one in “88 Minutes” starring Al Pacino. Other film credits include the indie film “Johnny Got His Gun” and “Some Kind of Beautiful” with Pierce Brosnan and Salma Hayek.
Other film credits include “Decoding Annie Parker” opposite Helen Hunt and a starring role in the short film “The Eight Per Cent of the 2009” shown in New York’s Tribeca Film Festival.
In 2009, he returned to series television in “Southland,” portraying a patrol officer in Los Angeles. McKensie also starred as Detective James Gordon in the series “Gotham,” detailing Gordon’s rise in Gotham City before Batman’s appearance.
McKensie made his directorial debut in Season 3 of “Gotham” where he met his then co-star and now wife, Morena Baccarin, who is the mother to his two children. The family resides in New York.
Crypto
Discover the Top Hottest Meme Coins of 2026
Embrace the future of cryptocurrency with the latest meme coins, offering unique opportunities and connection to internet culture. Explore an extensive overview of the top tokens in this rapidly evolving market.
Our comprehensive assessments explore the usability, security, features, and community support provided by these tokens. Acquire the knowledge necessary to confidently select your ideal meme coin.
The Best Meme Coins in 2026
Solaxy is not just a meme coin. Yes, the Pepe-Einstein mascot and vibrant illustrations scream meme coins, but Solaxy has much more going on.
The project is building a layer-2 scaling solution for Solana that shakes up the game by tackling network congestion. How? By processing transactions off-chain and bundling them for final verification. That means lower fees, lightning-fast speeds, and smooth trading.
That’s just the start. The white paper teases bigger plans, including cross-chain compatibility with Ethereum. This could unlock massive opportunities in NFTs, gaming, and DeFi.
The community is growing at breakneck speed, with 70,000+ strong on X (Twitter), and the Solaxy (SOLX) presale is racing ahead. It has raised around $31 million already.
Early investors in Solaxy are also earning big from the staking program that boasts a jaw-dropping 160% APY, with nearly 7 billion tokens already locked. The passive rewards curb early sell-offs and rewards long-term believers.
Solaxy isn’t just about hype. It’s built for sustainable growth. A hefty 25% of the total supply is set aside for community rewards for continued engagement. Meanwhile, 30% fuels project development. SOLX is clearly one of the hottest meme coins to buy now.
Welcome bonus
Innovative Layer-2 Solution for the Solana Ecosystem With More Reliable Transactions
Snorter is the adventurous project that combines meme coin energy with serious trading power. It is a full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure. With just a few taps on your phone, you can buy, snipe, sell, or set up stop losses without ever leaving Telegram.
The SNORT token powers this system, giving users access to premium features and helping fuel the bot’s entire ecosystem. With over $550,000 already raised in its presale, it is clear that traders are paying attention, and the earlier you join, the cheaper the token.
Snorter’s ease of use and powerful toolset make it the best Solana bot for meme coin hunters. Whether you want to catch early launches, protect your trades, or copy top wallets, Snorter gives you the tools to do it all in seconds.
With this kind of utility, fun branding, and real-time use cases, Snorter has everything it needs to go viral. And that momentum could make SNORT one of the biggest meme utility tokens in the space. If you are thinking of joining, now is the time to grab it before prices start rising.
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Full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure
Bitcoin has always been trusted for its security, but it has struggled with real use in everyday apps and payments. Now, Bitcoin Hyper wants to change that. It is building a powerful Layer 2 network that fixes Bitcoin’s biggest problems, like slow speeds, high fees, and the inability to run smart contracts.
This is the kind of upgrade many Bitcoin holders and developers have been waiting for. With tools like the Solana Virtual Machine for fast dApps and a Canonical Bridge to move BTC in and out of Layer 2 easily, Bitcoin Hyper is turning the original blockchain into something much more useful.
The presale for the HYPER token is live, and it is moving quickly. With prices increasing at each stage, early buyers could see real upside as the project gets closer to launch. A solution like this with real utility, fast transactions, low fees, and staking rewards has the potential to grow into something massive. That is probably why the presale is getting so much attention.
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Powerful Layer 2 network that fixes Bitcoin’s biggest problems
Ditching the recycled meme coin formulas, Bitcoin Bull takes charge with a reward and burn mechanism directly linked to Bitcoin’s price. The ongoing BTCBULL presale just smashed $4.5 million, with investors piling in.
BTCBULL offers milestone-based airdrops, where holders receive rewards when BTC crosses $150,000. Airdrops continue at every $50,000 BTC price increase.
Deflationary burns are another key feature. The first burn kicks in at $125,000, gradually reducing BTCBULL’s supply. The mechanism supports BTC’s value appreciation over time.
The platform allows users to earn BTC passively and get real Bitcoin and BTCBULL tokens, creating multiple income streams. With over 700 million tokens already locked, BTCBULL’s staking model is proving its strength.
Analysts predict Bitcoin could hit $200,000 this year. The forecasts have strengthened the hype around BTCBULL. As a meme coin linked to Bitcoin’s key price milestones, the project has high growth potential this year.
Welcome bonus
Bitcoin Mania in Meme Coin Avatar
SUBBD is a brand-new crypto project that combines artificial intelligence with content creation. The project’s goal is simple; radically transform how creators connect with their audiences.
And how does SUBBD do that? It automates key tasks such as streaming, scheduling, editing, and community management.
Creators can focus on producing quality content, as a result.
At the very heart of SUBBD’s ecosystem is the $SUBBD token. It unlocks exclusive access to premium features, platform discounts, and VIP perks.
The project’s token staking mechanism adds to the presale hype. Withina few hours of going live, the presale has raised over $100,000.
As a project that empowers creators and engages fans more intimately, SUBBD is a top altcoin to watch ahead of the next crypto rally. SUBBD is on a mission to disrupt the $85 billion content subscription market.
SUBBD tokens can be purchased using ETH, BNB, USDT, USDC, or traditional bank cards.
Welcome bonus
The Ultimate Crypto Presale Experience for Creators and Their Fans
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